Alphashark – The Dynamic Trend Confirmation Indicator
Unlike most indicators which captures price movements "after" the move this indicator speeds up with volatility as price rapidly moves. This produces a dynamic trend wave used to determine entries, exits, and market direction for swing and day traders. Combined with multi-time frame analysis this combo creates the complete trader toolkit when analyzing stocks, options, and futures.
To summarize, I want to have as much confirmations as I can have when making a trade. Kind of like a grand slam.
- Is price above or below the wave?
- Is the arrow product signaling buy or sell?
- Are all the time frames signalling a buy or sell?
If all 3 confirmations are correct I can initiate the grand slam trade!
The wave is a combination of moving averages combined with a volatility study. As the wave trends up the price action turns bullish. As the wave trends down price action turns bearish.
A flat wave = chop. The wave expanding and contracting is the measurement of volatility. This is measured in real time and adapts in real time unlike bollinger bands.
Note: TradeStation and NinjaTrader versions currently available through AlphaShark Trading. The thinkorswim study does not work on mobile devices.
Get The Dynamic Trend Confirmation Indicator or the other courses from the same one of these categories: Dynamic Trend, TradeStation, NinjaTrader, AlphaShark, Indicator, Trading, Course for free on Share Cloud Link.
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